Those deals looked sweet in 2021 but – after huge increases in electricity prices since – “we are probably already miles in front”, says Vinnies’ head of policy and research Gavin Dufty.
That’s a shame for those businesses because they miss out on the potential savings on their power bills. But it’s also a setback for the grid because commercial firms that operate mostly during daylight hours use a lot of power when solar – which ramps up in the morning and peaks between about 10am and 4pm before ramping down for the evening – is generating.By contrast, most of Australia’s 3.
Sites that Vinnies expected to give up within 10 years were excluded. On typical sites the monthly power bill would roughly halve, and the hire-purchase costs would trim the savings to about a quarter of the bill, based on 2021 electricity prices. “We just signed up with them. The difference there was we signed and we’d cover the cost of the PPA while we were the tenant,” Dufty says.
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